Dominican Republic: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in the Dominican Republic

After two years of decline, the Dominican textile rubber hose market increased by 57% to $X in 2021. In general, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Textile Rubber Hose Exports

Exports from the Dominican Republic

In 2021, the amount of rubber hose reinforced with textiles exported from the Dominican Republic expanded markedly to X kg, picking up by 13% against the year before. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 407%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile rubber hose exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 285% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Jamaica (X kg) was the main destination for textile rubber hose exports from the Dominican Republic, with a 80% share of total exports. Moreover, textile rubber hose exports to Jamaica exceeded the volume sent to the second major destination, Haiti (X kg), sevenfold. The third position in this ranking was taken by the United States (X kg), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Jamaica stood at +123.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+5.0% per year) and the United States (-27.3% per year).

In value terms, Haiti ($X) remains the key foreign market for rubber hose reinforced with textiles exports from the Dominican Republic, comprising 46% of total exports. The second position in the ranking was held by Jamaica ($X), with a 17% share of total exports. It was followed by Peru, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Haiti stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+47.1% per year) and Peru (0.0% per year).

Export Prices by Country

In 2021, the average textile rubber hose export price amounted to $X per ton, picking up by 9.6% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+37.4%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Rubber Hose Imports

Imports into the Dominican Republic

After two years of decline, supplies from abroad of rubber hose reinforced with textiles increased by 47% to X tons in 2021. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, textile rubber hose imports soared to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of textile rubber hose imports to the Dominican Republic, together comprising 84% of total imports. These countries were followed by Spain, Italy and India, which together accounted for a further 8%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +56.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of rubber hose reinforced with textiles to the Dominican Republic, comprising 51% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Mexico, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and Mexico (+34.7% per year).

Import Prices by Country

The average textile rubber hose import price stood at $X per ton in 2021, growing by 7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2014 when the average import price increased by 8.5%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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